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<br /> Utv ifoRM CocEtva4�TS. Bonawer and Lender co�enant and agree as follous: 94������ •
<br /> l. Payment oi Frincipal�nd interest;Prepayment and I.aM Chasges. Borrower sha11 promFtly pay when due .
<br /> � the prencipal��f and interest on the debi evide�eced hy the ltiote and any pregayment and late chargesdue under the 1\ate.
<br /> 2. Funds for'�'axes an�lasr�rance. Subjcct to applicablQ la�r or to fl u ritten waiver by Lender.Borcoti�er shaU pay
<br /> .� tss Lender an thc day monthl�:paymentti are due under the 1Vote.until the tiote is paid in full.a sum("Funds')equa!to
<br /> one-twelfth of (a) y�ariy taaes and assessments a•hich may attain pnority oeer this Security Instrument: (b.) yearly
<br /> t�asehdld payments or ground rents an the Propert�. if an}�: (c1 yearty hazard insurance premiums; and (d) yearl�
<br /> mnrtgagr insurance premiums,if any.These item4 are calleti"escre�v items."Lender may estimate the Funds due an the ,
<br /> basis of cunent data and reasonable estimates of fuiure�scrow items_
<br /> The Funds shall 6e held in an institution the deposits or accounts of which are insured or gr�aranteed by a federal or
<br /> state agency(including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br /> i.ender may not charge for hotding and applying the Funds,�analyaing the account ar verifying the escrov�iterns,unless
<br /> Lender pays Borrawer interest on the Funds and applicable Iaw permits Lender to make such a charge. 8orcuwer and
<br /> _ , I,ender may agree in writing that interest sha1)be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires interest tn be paid.Lender shall not be re�uved to pay Bonower any interest or earnings on the Funds.Lender
<br /> s�haU give to Borrower,without charge.an annual accounting of the Funds showing csedits and de6its to the Funds and the
<br /> purpose for which each debit to the F�nds was made.The Funds are ptedged as additional securit}for the sums secured by
<br /> chisSecurity Instreiment_
<br /> IPthe amount of the Funds held by Lender.together arith the iature monthly payments of Funds payable prior to
<br /> the due dates of the escrow items,shal!exceed the amaunt required to pay the escro�v items when due,the excess shall be,
<br /> ai Borcawer's optinn,either promptly repaid to 13arro�tier or credited to Bon�wer on monthly payments af Funds.If the
<br /> amount of the Funds het�by Lender is not snfficient to pay the escruR��te�ns w hen due.Borrower shall pst txs Lender any
<br /> amount necessary to make up the deftciency in one or more pay ments�ri�quired by I,ender.
<br /> Upon payment in ful{of all sums secured by this Security Instrument.Lender shall prornptly refund to BorroRer
<br /> any Funds held by Lender.If under paragraph i9 the Praperty is sold or a�qnired by Lender.Lender shall apply.no iater
<br /> than immediately pnor to the sale�f the Propeny or its acquisition by Lender,an}•Funds held by Lender 4t tce time af
<br /> applicatioin as a credit against thesums secured b}•this Security Instrument_ • .
<br /> .3. Appticatton of Payments. Unles.s applicable law pmvides othera�:�:�al payments received by Lender under
<br /> paragraphs 1 and 2 shsell be applied:first,to late charges due under the 1LTte;se��f:r.a,ta prepayment charges due under the
<br /> Nnte;Ehird,te amaunts payable under paragraph 2;feurth,to interest d4e:�r_d i��t,co principal due.
<br /> 4. ChargQS;I,sens. Borrnwer shall pay all taxes,a5s��sments.�i-arges,fines and impositions attri�utable to the
<br /> Property which may attain priarity over this Security Instrument, �rd leasehold payments or ground rents, if any.
<br /> Borrower shal)pay these obligations in the manner provided in paragrs�b 2,or if nat paid in that manner,Borcower shall '
<br /> pay them an time dircctly w the person owed payment. Borrawer shall promptly fumish to Ixr,der aU natices of amounts
<br /> to be paid under this paragraph. [f Borroa•er m�kes these payments directiy, Borrower shall prompdy fumish to Lender
<br /> receipts evidencing the payments.
<br /> Aorrower shall promptly discharge any lien tivhich t:as priority over this Security Instrument unless B:rrower:(a)
<br /> agsees in writing lo the payment af the obligation secured by the lien in a manner acceptable to Lender;(b)contests in goad
<br /> faitb the lien by,ar defertds against enforcement otf the lien in,legal proceedin�s which in the Lender's opinian aperate to
<br /> prevent the enforcement af'the lien or farfeiture of any part�f'the Property:or(c)rccures from the hotder of the lien an
<br /> agreement satisfactary ta I.ender tubordinatin�the lien to this Security Instrument.(f I.ender determines that any part of
<br /> the Pr��erty is subject to a liE=n uhich may attain priority over this Secunty Instrument. Lender may give Bonower a .
<br /> rtalice identifjring the lien.Bonowcr shall satisfy the licn�t take one ar more of!he actinns set forth above within 10 days '
<br /> �f the giving of notice. ' ��`
<br /> 5. Hazard l�surattee. Barrower shall keep the improvcments naw ekisting c�r hereafter crected an thc Property ' r
<br /> insure�against loss by fire,ha�ards included within the term"extended coverage"and any ather ha�ards Car which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and fi�r thr perinds that l.ender requires. The ;
<br /> insurance carrier providing the insurance shall be chasen by 8orrower subjert to Lender's apprnval which shall not be
<br /> unreasanabSy withheld. `�`
<br /> All insuran�t policies and renewalc chall be acceptable to i.ender and shall include a standard mortgage clau,e.
<br /> Lender shall have the right to hnld the pnlicieti and renewatc. If l.cndcr require�, H�irruwer shall promplly give to Lendcr '- `.
<br /> aU receipts c+f paid premiumc arrd re•newal nutues. In tk�eti ent oi luss.Bp�rotner�haU give pr��mpt nntice tn the insurance �
<br /> carrier and l.�ndcr.Lcndcr may makc prnof�f lass if not Tn:;�c promptly by I3orrov.�;�. �
<br /> Unless l.cnder and Borrower otherw�5��gree i�i�,r:ting,insurancc procreds 5hall be applird to re�lnration or repair . �
<br /> af the I'roperty damaged,if the restoration r.r rcpair�s ecnnomuaUy feasiblc and Lender's security is nat lrsseneci. lf Ihc
<br /> restorati�n or rr.pa�ir i�nat econ��mirally feasible or I.ea3:r's security a•ould be 1e55ened.the insurance pr��ceeds shall be
<br /> applied to the sumti�ecurcd by�his Secunty lnstrume:�r. �»hether or nut then due, with any exce�s paid to 33�rrower. IP
<br /> Barrot�rt ub�ndons Ihc f'ropert�•,or docs nr�t answcr Auhin 30 days u nnti�c frr.ni L,c:ndcr th�t the insut:�ttu;carricr hns
<br /> offered tn zettle a c i,�im.thrn Lender may cal{ect the inscra�ce pre�ceed�. l.ender ci.ay use the{�r�ceeds tn repair c>r re�te�re
<br /> the Property or m �.;:y sums�ecured by this Security I:+.str;:ment.w.h.ethcr o:n�.it then duc. The 30•d�y period will begin
<br /> whcn 4he nalice is�iven.
<br /> t'nless Lender and Bc�rru.r�r otherwise agree in w rit�ng,any appltcatwn i�f pr��ceedc tc:pnncipal shall nut extend or
<br /> past�f��ze the due date��f'the tnnni le1y paymentti referred to�:t paragrciph` 1 �nd?,or rh.�ngr thr amount uf thc 4,ayments.IP
<br /> under paragraph 1 Q the Prvper�y is acquired by Lender.I3orrnwer's right t<►�ny insurance palic�eti and prc�ceeds re�ult�ng
<br /> fram damnge to ttie Property prinr tn ttte acyuisitiun chall pacv tv l.ender tc�the eatent nf t he sums secured by tnis Stcurity
<br /> lnstrument immediately pr�ar ta the acyuiyitie�n.
<br /> 6. �'reservati�n and ilaintenancc ot Prape:ty:l.easeF.�lds. Hnrrrnver tihall nc�t destroy,damage or�uh�tantially
<br /> change thr Yrnperty, allc+w thr Proper�y �n cleten��rate ar ramm�t wnrte. lf thi� 5ecur�ty Instrument is��n a ica�chuld,
<br /> Eiurr��wer�hall camply�c�th N�e ptrn•�s�nns nf Ehe leace.and iP l�urro�vrr ucyuireti fee title tc+the Pmperty,the lra��he�ld sird ••-�=�--
<br /> fee title shall nt�t merE;e unle�s l.ri�der agrces tci the merger�n�rr:ting. '
<br /> 7. Protection �t I.ender's Riy.hts in the f'ropeny: �lnrtpaRe Ingurancr. If H��trawrr fail� to perti�tm �he
<br /> c��venantc and�greemcnts cont<uned m thi4 Secunty InslrumenL��r there i�a Ic�:al�•rncred�ng th:ii m:E� sign�ficantly:�f�cc�
<br /> l.ender's n�h�s iii the Yr�peny(vueh ac,�pt�iceedtng io bankrupt�y. pruhate, f��r cundemnaue�u vr tn er�f�,rce la�+� nr
<br /> re�uiatconc�,then i finRer m�}•dnan�i p;�y 1�,r«hate�er�s nece��ary t����r<+fect t6e�alue��i�fhe Pre+rer�y .�nd i ender's rt�;F�is
<br /> in thc Nr���crcy t.E��c�e��;ictinu� m.�y �t��i�,ctr 4,as�n� :,r�y �w»ti�«�«�i t�y a ticn niuch har rr�smty t+ticr th�c Scrunty �N
<br /> L Inatrusnent.appeatir�K m c��utt.paying re.�5��n��ble anurneyc f�e�;md enlrnnE:�+n thc 1'rnpert} tt�m,il.e rep.+�r� �Uh�,u�h ��
<br /> l ender rn�y take a�U�m uncies tlu��.�ragraph 7.Lei�der ciae�nat ha�e te�d�.�n
<br /> Ai�y �e�•mui�ic di5hurticd hy l ender under thic pat,+Rrup�t 7�h:�ll hec�,me cidchlumal dch�„t Hnri��«cr�c.ured h� ttn� ��
<br /> tis�ue�ev 1����ttun.eit.l'nle��He�rr<,«et.md l cndcr agrrc•tui�ther term���t'�a}mcut.thc�e.�nu�uut��li.�ll hc�ir �ntere�t Pr�,m r"�
<br /> thr dt�tt�t�f t1�;hurccttte�i! at thc '`otr r.irc' .flt({4FSalII �f• pa.,�hle. �t�tlE rtrterc�L u��.�n u:�h;e ti��nr i rndeE tn N��trn«cr �t�P�
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